If you are recently retired or are planning your retirement, you are likely to have a number of questions. The first step is to make an appointment with the provost and dean of the faculty. We, as well as the Office of Human Resources, welcome the opportunity to meet with you to help with the planning process.
Provost and Dean of the Faculty
Associate Dean of the Faculty/Dean for Academic Development
Human Resources Specialist
Emeriti Advisory Committee
The Emeriti Advisory Committee provides a direct means of communication between emeriti faculty and the administration. The committee serves as a forum for emeriti faculty ideas and concerns; makes recommendations about policy changes relevant to emeriti faculty; and provides advice to the president, provost and planning committees about issues relevant to emeriti faculty. In planning for retirement, faculty members often have questions about their opportunities and choices for shaping the next phase of their intellectual careers. The advisory board can assist with information and guidance.
What To Do a Year (or Earlier) Before Retirement
We assume that you have already talked with the provost/dean of the faculty and human resources about your plans to retire. The following are some key steps to keep in mind during this time of transition.
1. Meet with Retirement Vendor
We recommend meeting with your retirement vendor for an individual consultation. More information about one-on-one counseling sessions is available on the Human Resources website.
2. Meet with a Financial Advisor
The Provost's Office offers faculty aged 62 or older up to $250 towards the cost of consulting a financial advisor for retirement planning. Please send a copy of your receipt and a note with your name and 99 number to Saari Greylock at College Hall 206; payment will be issued as a stipend.
Faculty whose combined assets are above a certain amount (about $500,000) may qualify for a financial adviser free of charge. Advisers can help you understand the most tax-advantaged ways to receive income and assist in filling out forms.
3. Contact the Social Security Office
Talk to the Social Security Office in Holyoke (413-563-3649) to set up your payments. You also need to sign up for Medicare B and Medicare Part D (the prescription drug plan) to start as soon as you are no longer on the Smith health plan.
4. Explore Health Insurance Options
Human resources cannot counsel individual retirees on healthcare options. Post-retirement health insurance options include Medicare, but Medicare isn’t free and you will likely want to have supplementary insurance as well. Smith recommends one post-retirement health care plan: Benistar. This plan requires immediate sign-on upon retirement; there is no possibility of joining the plan later. Many retirees find Serving the Health Information Needs of Elders (SHINE) useful. SHINE offices are located in Northampton at the Senior Center on Conz Street (413-587-1228); there are also offices in Greenfield, Montague and Florence. Useful information is available on the SHINE website.
5. Consider Long-Term Care Insurance
Consider long-term care insurance. Although it likely isn't necessary for everyone and is expensive, some people may find it beneficial in affording health care as they age.
Once you have gone through your materials and packed them, your academic assistant can help you submit all internal work orders, and student workers may be available to help you pack. Smith will arrange and pay for moving books and any office furniture to your new office or house or for donations. Contact the provost's office for more details.
The College Archives is interested in acquiring your papers: class notes, official Smith correspondence, professional correspondence, letters from old students, even appointment books. They will provide boxes and send someone to pick them up. Contact Nanci Young, the college archivist, at firstname.lastname@example.org or 413-585-2976.
SMITH COLLEGE LIBRARIES
The Smith College Libraries may accept some of your books. Gift-in-kind donations must meet the same criteria as those used to select current purchases; they should be scholarly works published within the last two to three years and not already held in the libraries. Other kinds of materials may be accepted. For guidelines and procedures, please see Giving to the Libraries. Consult with your department's subject liaison for more information.
PRIVATE & NONPROFIT ORGANIZATIONS
Many organizations sponsor donations of books and journals to colleges and universities, and some local bookstores will buy selected used academic books they think they can sell.
- Newly retired faculty members may retain their private faculty offices for 11 months following their retirement date if they notify the provost's office.
- At the end of that time, newly retired faculty members will be offered a shared office, depending on the need and purpose of the space (the space survey will be used to gather this information).
- Emeriti faculty members in shared offices may use the space for a one-year period, after which another review of space needs will take place.
- Emeriti faculty members may be approved to continue use of a shared office for additional one-year terms, depending on the results of the space needs review.
- If an office is available, you are entitled to take your Smith computer and phone (and phone number) to your new office. ITS will help you network your computer in your new location.
The Emeriti Lounge, located in Tilly Hall, is a place where retirees can gather informally.